The Canada Construction Market was valued at USD 283.63 billion in 2024, and it is projected to increase to USD 349.78 billion by 2030, with a CAGR of 3.36%

The Canada Residential Construction Market Report is Segmented by Type (Apartment & Condominiums, and Villas & Landed Houses), by Construction Type (New Construction and Renovation), by Construction Method (Conventional On-Site, and More), by Investment Source (Public and Private), and by Geography (Toronto, Vancouver, Montreal, Calgary and the Rest of Canada). The Market Forecasts are Provided in Terms of Value (USD).

The Canada Construction Market Report is Segmented by Sector (Residential, Commercial, Infrastructure), by Construction Type (New Construction, Renovation/Retrofit), by Construction Method (Conventional On-Site, Modern Methods of Construction), by Investment Source (Public, Private, PPP), and by Region (Ontario, Quebec, BC, Alberta, Rest of Canada). Market Forecasts are Provided in Terms of Value (USD).

The Canada Commercial Construction Market Report is Segmented by Commercial Sector Type (Office, Retail, Industrial and Logistics and Others), by Construction Type (New Construction and Renovation), by Investment Source (Public and Private), and by Geography (Toronto, Vancouver, Montreal, Calgary, Ottawa and the Rest of Canada). The Market Forecasts are Provided in Terms of Value (USD).

Discover the booming Canadian commercial building construction market! This report reveals a CAGR exceeding 5%, a market size exceeding $35 billion CAD in 2025, and key trends shaping the industry. Explore market drivers, restraints, and leading companies. Key drivers for this market are: Government Initiatives in the Infrastructure and Construction Sector to Boost the Industry, Need for Precast Concrete Technology Driving the Market. Potential restraints include: Higher Transportation Cost. Notable trends are: Office Building Construction is Expected to Dominate the Market.

The size of Canada's construction industry fell slightly in 2024. That year, the gross domestic product (GDP) of that industry amounted to ****** billion Canadian dollars. Despite some fluctuations, the GDP of the construction industry generally has increased since 1997.

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Construction Market Size 2025-2029

The construction market size is valued to increase by USD 1288.3 billion, at a CAGR of 5.5% from 2024 to 2029. Increase in residential and commercial infrastructure projects will drive the construction market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 53% growth during the forecast period.
By Type - Buildings construction segment was valued at USD 1608.40 billion in 2023
By End-user - Private sector segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 63.08 billion
Market Future Opportunities: USD 1288.30 billion
CAGR from 2024 to 2029 : 5.5%

Market Summary

The market continues to be a significant economic driver, fueled by the increasing demand for infrastructure development in various sectors. This demand is spurred by population growth, urbanization, and technological advancements. One of the most notable trends shaping the industry is the integration of artificial intelligence (AI) in construction processes. AI is revolutionizing the sector by enhancing efficiency, reducing costs, and improving safety. However, the high cost of construction machinery and materials remains a significant challenge. To mitigate this, companies are exploring innovative solutions such as Modular construction and offsite fabrication. These approaches enable the production of high-quality structures at a lower cost and with reduced environmental impact.
Furthermore, the adoption of Building Information Modeling (BIM) and other digital technologies is enabling more accurate project planning, design, and execution. Despite these advancements, the market faces complex regulatory environments and labor shortages, which necessitate collaboration and innovation to overcome. The industry's future direction lies in the continued adoption of technology and the development of sustainable, cost-effective solutions.

What will be the Size of the Construction Market during the forecast period?

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How is the Construction Market Segmented ?

The construction industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Buildings construction
  Heavy and civil engineering construction
  Land planning and development
  Specialty trade contractors


End-user

  Private sector
  Public sector


Product

  Traditional
  Sustainable


Geography

  North America

    US
    Canada


  Europe

    Germany
    UK


  APAC

    China
    India
    Indonesia
    Japan
    South Korea


  Rest of World (ROW)

By Type Insights

The buildings construction segment is estimated to witness significant growth during the forecast period.

The market continues to evolve, with buildings construction being a significant and dynamic segment. This sector encompasses residential, commercial, and multifamily buildings, each contributing to the overall growth and development of the global construction industry. For instance, Egypt's ambitious project to build a new administrative capital (NAC) 45 kilometers east of Cairo is a testament to this ongoing activity. With a goal to ease overcrowding and pollution in the current capital, NAC is expected to accommodate over six million residents and become Egypt's new political and administrative center. CSCEC, a leading Chinese state-owned enterprise, is a major player in this transformation.

Risk assessment methodologies, building envelope systems, and foundation engineering are essential elements in this evolving landscape. Innovative approaches, such as prefabricated construction methods, green building certifications, and cost estimation techniques, are shaping the future of construction. For example, 3D printing construction and modular construction techniques are revolutionizing the industry, offering faster and more cost-effective solutions. Quality control procedures, structural engineering software, and lifecycle cost analysis are crucial components in ensuring the long-term success of construction projects. Safety management systems, construction site safety, and digital twin technology are essential in minimizing risks and optimizing resource allocation. Concrete mix design, structural analysis software, and heavy equipment operation are other critical aspects that require continuous improvement.

Building automation systems, sustainable building materials, and smart building technologies are becoming increasingly important in creating energy-efficient and environmentally friendly structures. Compliance with building codes, Geotechnical engineering principles, and mep engineering design are also essential in ensuring safety and

Discover the booming Canadian commercial building construction market! This in-depth analysis reveals a CAGR exceeding 5%, driven by economic growth, urbanization, and green building initiatives. Explore market size, key players (Pomerleau, EllisDon, PCL), regional trends (Toronto, Vancouver, Ottawa), and future projections (2025-2033). Recent developments include: March 2022: Anthem Properties (a Canadian development, investment, and management company), along with KingSett Capital (a capital market company), have acquired an 8.34-acre mixed-use site located at Willingdon Avenue and Dawson Street in the City of Burnaby's active Brentwood Town Centre. The company developed this space into a four-phased master-planned community, including 2,100 market condominiums, 340 rental units, and 60,000 square feet of new retail and office spaces., January 2022: Bird Construction Inc. (a Canadian construction company) has entered into a three-year strategic partnership for the Building Good initiative along with Chandos Construction Inc. (North America's commercial builder). Building Good is a thought leadership initiative that aims to catalyze owners and industry partners to change the way the architecture, engineering, and construction industries design and build for the betterment of people and the planet.. Key drivers for this market are: Government Initiatives in the Infrastructure and Construction Sector to Boost the Industry, Need for Precast Concrete Technology Driving the Market. Potential restraints include: Higher Transportation Cost. Notable trends are: Office Building Construction is Expected to Dominate the Market.

The North American construction market, valued at $2.46 trillion in 2025, exhibits robust growth potential, projected to expand at a compound annual growth rate (CAGR) of 4.82% from 2025 to 2033. This growth is fueled by several key drivers. Increased infrastructure investments, particularly in transportation networks and renewable energy projects, are significantly boosting demand. The residential sector, driven by population growth and ongoing urbanization, is another major contributor. Furthermore, a resurgence in commercial construction, fueled by a recovering economy and the expansion of e-commerce leading to increased warehouse and logistics facility needs, further contributes to market expansion. However, challenges remain. Supply chain disruptions continue to impact project timelines and costs, while labor shortages and rising material prices exert pressure on profitability. Nevertheless, government initiatives promoting sustainable building practices and technological advancements in construction management offer opportunities for mitigating these challenges and further stimulating growth. The market is segmented by construction sector (commercial, residential, industrial, infrastructure, and energy & utilities) and construction type (additions, demolition, and new constructions). Major players, including Aecon Group Inc., D.R. Horton Inc., and Lennar Corporation, among others, are strategically positioned to capitalize on these market dynamics. The market segmentation reveals significant variations in growth trajectories across sectors. While residential construction is projected to maintain steady growth driven by demographic trends, infrastructure spending will likely experience the most significant expansion, particularly in the transportation sector. Commercial construction will follow a moderate growth path, largely influenced by economic conditions and business investment. The industrial construction sector, particularly warehouse and logistics facilities, is expected to witness above-average growth. Finally, energy and utilities construction is poised for considerable expansion due to the increasing focus on renewable energy infrastructure. This diverse sectoral composition contributes to the overall resilience of the North American construction market, even amidst external economic uncertainties. The forecast period (2025-2033) promises further market consolidation, with larger firms potentially acquiring smaller companies to enhance their market share and project diversification. Recent developments include: June 2023: AXA XL's North American construction insurance business launched the Sustainability Circle. It is a network comprising 21 leaders in the sustainable construction industry. The goal of the initiative is to assist clients achieve their sustainability goals and enhance their construction risk management efforts., April 2023: Greystar Real Estate Partners LLC (“Greystar”) opened its flagship manufacturing facility for its modular construction business, Modern Living Solutions (“MLS”), which focuses on attainable and sustainable housing. The milestone was met with a ribbon-cutting ceremony at the western Pennsylvania site where MLS employed 170 full-time employees to execute the ramp-up and operations of its first modular factory.. Key drivers for this market are: Population Growth and Disposable Income, Demand from Office Sector Returning Post COVID-; Non-residential Construction on Upward Trend. Potential restraints include: Interests and Financing, Increase in Cost of Raw Materials. Notable trends are: Residential Construction Segment Holds the Major Share in the Market.

Discover the booming North American construction market! This in-depth analysis reveals a $2.46 trillion market projected to grow at a 4.82% CAGR through 2033, driven by infrastructure investment and housing demand. Learn about key segments, top companies, and market challenges. Recent developments include: June 2023: AXA XL's North American construction insurance business launched the Sustainability Circle. It is a network comprising 21 leaders in the sustainable construction industry. The goal of the initiative is to assist clients achieve their sustainability goals and enhance their construction risk management efforts., April 2023: Greystar Real Estate Partners LLC (“Greystar”) opened its flagship manufacturing facility for its modular construction business, Modern Living Solutions (“MLS”), which focuses on attainable and sustainable housing. The milestone was met with a ribbon-cutting ceremony at the western Pennsylvania site where MLS employed 170 full-time employees to execute the ramp-up and operations of its first modular factory.. Key drivers for this market are: Population Growth and Disposable Income, Demand from Office Sector Returning Post COVID-; Non-residential Construction on Upward Trend. Potential restraints include: Population Growth and Disposable Income, Demand from Office Sector Returning Post COVID-; Non-residential Construction on Upward Trend. Notable trends are: Residential Construction Segment Holds the Major Share in the Market.

This statistic shows the employment figures for the Canadian construction sector in 2017 with projections from 2018 to 2027, broken down by gender. By 2027, over **** million of male workers are expected to be employed in the Canadian construction industry, compared to ****** female workers.

Canada Data Center Construction Market is Segmented by Tier Type (Tier 1 and 2, Tier 3 and Tier 4), Data Center Type(Colocation, Self-Built Hyperscalers (CSPs), Enterprise, and Edge), Infrastructure (Electrical Infrastructure, Mechanical Infrastructure). The Market Forecasts are Provided in Terms of Value (USD).

Discover the booming Canadian residential construction market! This report projects a CAGR exceeding 5% to 2033, driven by urbanization and population growth. Learn about key players, market segments (single-family, multi-family), and regional trends in Toronto, Vancouver, Calgary, and more. Recent developments include: September 2022: PCL Construction was awarded Kindred Resort - Keystone's first major development in River Run in 20 years. This USD 184 million, 321,000 square-foot mixed-use development, designed by OZ Architecture, will consist of 95 luxury ski-in/ski-out condominiums and a 107-key full-service hotel, all just steps away from the River Run Gondola at Keystone Ski Resort. The development also includes 25,000 square feet of commercial space for restaurants, retail, and amenities including a pool, spa, fitness center, ski club, and event space. Preliminary construction activities are underway to relocate utilities. Construction will continue year-round and is scheduled for completion in June 2025., January 2023: PCL Construction broke ground on Schnitzer West Living's luxury residential community, the Avant, in the Denver Tech Center. The Avant is situated on the corner of Greenwood Plaza Boulevard and East Caley Avenue. The property includes 337 highly curated for-rent residences, complete with modern amenities and a two-level indoor structured parking garage with a capacity for roughly 450 cars. Residents will enjoy commanding views of the surrounding mountains year-round from their homes and the property's outdoor pool and hot tub. The property is Schnitzer West's first multifamily residential building, bringing luxurious living experiences to Denver's Tech Center.. Notable trends are: Drop in Building Permits Due to High Interest Rates.

The Canada Data Center Construction report provides a detailed analysis of emerging investment pockets, highlighting current and future market trends. It offers strategic insights into capital flows and market shifts, guiding investors toward growth opportunities in key industry segments and regions.

Market Size statistics on the Heavy Engineering Construction industry in Canada

Canada Modular Construction Market growth is driven by the adoption of modular construction methods in the residential, commercial, and industrial sectors, coupled with technological advancements.

During the past years, the relative size of the construction industry in Canada has contracted slightly. The value of construction activities in the North American country peaked in 2015, when it made up over eight percent of the Gross Domestic Product.

Canada Residential Construction Market size was valued at USD 55.00 Billion in 2024 and is expected to reach USD 95.00 Billion by 2032, growing at a CAGR of 7% from 2026 to 2032.

Canada Residential Construction Market: Definition/ Overview

Residential construction refers to the process of building homes and apartment complexes, including single-family houses, multi-family buildings, and condominiums, designed for people to live in. It involves various stages, including land acquisition, design, planning, engineering, construction, and final inspections. Residential construction applications span urban, suburban, and rural areas, and it plays a significant role in providing housing solutions to growing populations. With the increasing demand for sustainable and energy-efficient homes, residential construction is evolving to incorporate green building technologies, smart home features, and eco-friendly materials.

The size of the Canada Residential Construction Market market was valued at USD XX Million in 2024 and is projected to reach USD XXX Million by 2033, with an expected CAGR of 5.00">> 5.00% during the forecast period. Recent developments include: September 2022: PCL Construction was awarded Kindred Resort - Keystone's first major development in River Run in 20 years. This USD 184 million, 321,000 square-foot mixed-use development, designed by OZ Architecture, will consist of 95 luxury ski-in/ski-out condominiums and a 107-key full-service hotel, all just steps away from the River Run Gondola at Keystone Ski Resort. The development also includes 25,000 square feet of commercial space for restaurants, retail, and amenities including a pool, spa, fitness center, ski club, and event space. Preliminary construction activities are underway to relocate utilities. Construction will continue year-round and is scheduled for completion in June 2025., January 2023: PCL Construction broke ground on Schnitzer West Living's luxury residential community, the Avant, in the Denver Tech Center. The Avant is situated on the corner of Greenwood Plaza Boulevard and East Caley Avenue. The property includes 337 highly curated for-rent residences, complete with modern amenities and a two-level indoor structured parking garage with a capacity for roughly 450 cars. Residents will enjoy commanding views of the surrounding mountains year-round from their homes and the property's outdoor pool and hot tub. The property is Schnitzer West's first multifamily residential building, bringing luxurious living experiences to Denver's Tech Center.. Key drivers for this market are: Increasing construction spending by governments, Growing popularity of interior design and architecture is likely to increase the demand for polymer sheets. Potential restraints include: Shortage of Raw Materials. Notable trends are: Drop in Building Permits Due to High Interest Rates.

Discover the booming Canada construction equipment market! This in-depth analysis reveals a $3.2 billion market projected to grow at a 7.3% CAGR through 2033, driven by infrastructure projects & technological advancements. Learn about key players, market segments, and future trends. Recent developments include: June 2023: LiuGong introduced the 856H-E MAX Wheel Loader, which is part of the company's range of electric construction., April 2022: Doosan Infracore North America introduced four next-generation -7-series mini excavators in Canada. Four excavator models include the zero-tail swing DX27Z-7, DX35Z-7, and DX50Z-7, as well as the reduced tail swing DX55R-7.. Key drivers for this market are: Growing Infrastructure Activities Across the Country. Potential restraints include: Rapid Expansion of Construction Equipment Rental Industry. Notable trends are: Growing Infrastructure development.